# PPP loan: FAB TECH DRILLING EQUIPMENT, INC.
> **$288K** approved 04/09/2020 · Paid in Full · Loan `9330637010`
## Borrower
- **Name:** FAB TECH DRILLING EQUIPMENT, INC.
- **Address:** 2228 STEVEN RD, ODESSA, TX, 79764-1825
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $288K
- **Jobs reported:** 27
## Lender
- **Originating:** SouthWest Bank
- **Servicing:** SouthWest Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*